in our company claimed input tax credit on fixed asset as per internal auditor . but unfortunately wrong claimed depreciation on same fixed asset in as per income tax act . and filed income tax return . now what i do?
what is the clear provision for claim ITC and depreciation for fixed asset . how much limit for 1st year and 2nd year as per the GST??????

Dear All,
We have provided the commercial vehicles to various companies on monthly basis. however we are not having transport company....being individual all companies are deducting 1% TDS on payment. Pls let me know is GST applicable in this case whereas the receipt are above 50 Lacs. If yes whether we have to charge GST in invoice if yes how much percent and what would be it's HSN code......or does this service falls in the RCM..

Pls guide.....

Thanks
Karan

Dear Experts,

Please suggest we have paid Rs.11814/-Under Reverse Charges mechanism. How to pass the entry in busy ?

We shall be thankful to you for this.

For the Ay 2019-20 we have to file income tax return of one of the directors for a pvt ltd company. The director is being paid a sum of Rs 4,50,000 only per annum on account of Remuneration to directors. Please let me know for the ay 2019-20 as of which ITR shall be filed and whether in such case Rebate u/s 87-A can be claimed.

WE HAVE RECORDED SALES INVOICE IN JULY 17 IN BOOKS AND SHOWN IN GSTR 1 OF FY 17 18 BUT FORGOT TO ADD IN GSTR 3B SHOW WE ADD THAT INVOICE IN APR 18 GSTR 3B

NOW HOW TO GET EFFECT IN GSTR 9?

If an Assessee is a citizen of USA and a non resident of India and during the year he had sold his property in India and had paid taxes in India for the sale made..Can he claim the taxes paid in India as an Allowance for the tax he should pay in USA... as there is a DTAA between India and USA???

Dear all,
when should be discount given?
before gst
or
after gst

I have filed the Income Tax Return of the A.Y 2018-19 of a Private Limited company by allowing all the expenditure covered under section 43B as my client had paid it before the due date of filing of ITR, but on the other hand the auditor of the company made a blunder of disallowing it u/s 43B in its Tax Audit Report.
Due to the above mismatch, the I.T Dept have send us the communication as on 27/02/2019 raising the query, but the response window on the I.T Portal is not open.
Suggest me whether the Tax audit can be revise or how the mismatch can be removed?

Dear All Experts,

Question about the books of account of the company and other entities.
The company was following the Financial Year April to March.
Why does the provisional expense entry in the company books in March?
The date of the bill is in April and the expenses have been booked in the month of March.
I know what the expenditure is in the relation of the month of March.
But I am having this question repeatedly in mind.
Is there any income tax act behind this?

Please response your valuable.

Thanks & Regards
NK

A customer of my client made a payment to my client on his visit to India for receiving service, by swiping the card. the amount is wrongly punched and the payment was excess than the actual amount of service. Now the customer has to be refunded the amount to his account in foreign country. the refund amount is approximately Rs. 3,00,000/-. How the payment can be transferred to his account in foreign country?